October 27, 2006 Active Duty National Guard Members Receive Tax Break on Early Retirement Account Withdrawals Early Withdrawal Penalties. A taxpayer who withdraws money from a qualified retirement plan before age 59½, death, or disability generally is subject to a 10-percent early withdrawal tax on the amount includible in income, unless an exception to the … Continue reading Active Duty National Guard Members Receive Tax Break on Early Retirement Account Withdrawals: Benefits Alerts: Hitesman & Wold, P.A. News & Events